we're talking about a cheap bass, right? so let's keep that in mind and not compare it to a high quality one that costs 10 times more.
out of the box, the string action is high and the bass isn't really pleasant to play, but if you take time to watch a few videos on youtube to learn how to adjust it, then you can get it alright. it'll be difficult to get the best string action + no fret buzz + a perfect intonation, but you can definitely get something that works and makes the bass a nice instrument to play.
i wish there was a little more effort put into the electronics because when you play with a bit of overdrive (or fuzz!) and don't touch the metal parts of the instrument (the strings or bridge typically), it will hum quite clearly, and i would have definitely paid 10 bucks more to get slightly better components that would fix that...
other than that, it's great, not too heavy, the neck is really good (again, let's not compare to a fancy instrument) and the sound is alright. some people say that changing the strings would improve that point, i haven't tried yet but it would make sense.
anyways, if you are looking for a bass as a secondary instrument just to record a few stuff or play occasionally and don't want to spend too much on it, go for it! just, don't be afraid to adjust it so you can make it right to play... you go slowly and it'll all be fine!
if bass is your main instrument and you want one that will follow you for years, i'd recommend to go with something more serious.